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No change in economic activity during August

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The central bank reported on Monday that the monthly economic activity index (Imacec) for August 2022 showed no change compared to the same month last year.

Previously, the index rose 1.0% in July, its worst performance in 17 months, but in line with market and government expectations. And in June, activity showed the lowest growth since the first part of last year.

Specifically, the seasonally adjusted series for August increased by 0.6% over the previous month and remained unchanged over the 12 months. The month had the same number of business days as August 2021.

“Imacec results were explained by growth in services activity, offset by declines in mining and trade. has been done,” the central bank noted.

Non-mining Imacec showed 1.3% growth over the 12 months, while in seasonally adjusted terms it increased by 0.7% compared to the previous month.

Source: Biobiochile

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